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Finance Redefined: Near’s $800M fund, Miami embraces crypto, Oct. 22–29
29.10.2021
Near protocol allocates $800 million to its DeFi ecosystem, and Immunefi raises $5.5 million to advance its security service — all of this and more coming to you in this week’s Finance Redefined
unFederalReserve Connects Chainlink Feeds with ReserveLending
29.10.2021
UnFederalReserve announced that Chainlink’s integrated pricing reference feed is now sponsored by the firm. It has unified with Chainlink since the ReserveLending platform’s launch in May and is now looking to expand its partnership with the official oracle provider. unFederalReserve...
Kadena Announces Partnership with Coinmetro to Enter Ethereum
29.10.2021
Kadena recently announced a partnership with Coinmetro to enter the Ethereum network. The venture will officially support wKDA (Wrapped Kadena), backed 1:1 with Kadena. Besides joining hands with Coinmtero, Kadena is entering the Ethereum blockchain to connect multiple assets to the network. Kadena...
Cream Finance Suffers $130 Million Hack
29.10.2021
Ethereum defi protocol Cream Finance suffered an exploit yesterday that allowed attackers to steal $130 million from its holdings. The news was first revealed by Peckshield, a blockchain analytics company that discovered a flash loan had exploited the platform. This is the third hack the protocol...
FATF Wants to ‘Gut’ DeFi with ‘Vague’ New Guidelines, Say Crypto Players
29.10.2021
The crypto community has issued a withering response to the latest updated Financial Action Task Force (FATF) guidance, issued yesterday – with one lamenting that the document is “so bad that it makes the [American] infrastructure bill look reasonable.” Most appear particularly irked by the body’s...
Ethereum hits new ATH after Altair upgrade shows clear path to the merge
29.10.2021
The price of ETH has been on a bullish tear recently. After dropping to around $1,780 on July 21 it has since gained 147% to sit at around $4,400
FATF includes DeFi in guidance for crypto service providers
28.10.2021
Despite DeFi apps not being a VASP under the FATF standards, the authority still wants to apply VASP rules to them
NAOS and IoTeX Introduce NFD Into Credit Risk Assessments
28.10.2021
Since the traditional credit rating procedure focuses on examining financial statements, Micro, Small, and Medium Enterprises (“MSMEs”) have difficulty acquiring loans from banks. Many SMEs cannot satisfy the standards due to a lack of financial data or confirmation of assets. According...
FATF Wants Countries to Get Serious About Crypto Regulation, Mentions NFTs, DeFi
28.10.2021
The Financial Action Task Force (FATF) is looking to ramp up the pressure on countries to adopt crypto regulations – and its updated guidance has made mention of non-fungible tokens (NFTs), decentralized finance (DeFi), peer-to-peer (P2P) trading, and stablecoins for the first time....
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Adobe Jumps Into Non-Fungible Token Ecosystem With ‘Prepare as NFT’ Photoshop Tool
27.10.2021
Adobe Inc., the American multinational computer software company that’s well known for its platforms like Photoshop and Illustrator, has jumped into the non-fungible token (NFT) universe. According to Adobe chief product officer Scott Belsky in a recent interview with The Verge, “NFTs...
Putting a cap on decentralization: How regulation impacts DeFi adoption
27.10.2021
As legislation threatens to allow centralization to creep into the DeFi space, regulation could have complex effects on the adoption
Gemini Seeks Support for 10+ Data Management, DeFi, and Metaverse Tokens
27.10.2021
Gemini, the renowned crypto ecosystem, is exploring custody support for 10+ data management, DeFi, and Metaverse tokens. It includes names like Quant (QNT), Audius (AUDIO), Mask Network (MASK), Radicle (RAD), ASH (ASH), API3 (API3), Wrapped Centrifuge (WCFG), SuperRare (RARE), Fetch AI (FET)...
Solana-Based Drift Protocol Raises $3.8 Million — Project Reveals Drift Alpha Ticket NFTs
27.10.2021
While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after...
Expanding ecosystem and $1.86B futures open interest back Solana’s $250 target
27.10.2021
Derivatives data shows institutional demand remains strong for SOL, and on-chain data points to a rally to $250
Non-Custodial Dex Platforms Continue to Expand — Curve, Pancakeswap, Sushiswap, Uniswap Lead the Pack
26.10.2021
Five years ago, there was a large quantity of digital currencies and blockchains, but there were very few trading platforms that dealt with decentralized exchange. Since the boom of decentralized finance (defi), there’s now a myriad of decentralized exchange (dex) platforms that allow people...
BlockBank Just Launched Its DeFi Application, Where Users Can Interact With an AI-Powered “Robo Advisor”
26.10.2021
PRESS RELEASE. BlockBank, the platform disrupting mobile banking by blending it with decentralized finance (DeFi) and Artificial Intelligence (AI) technology, is officially launching its all-encompassing financial application in Q4 of 2021. On a mission to grow worldwide accessibility to DeFi...
Ampleforth integrates with Avalanche to introduce stablecoin alternative
26.10.2021
The integration will allow users of the blockchain to access algorithmic language AMPL for stabilized contract interaction
Immunefi to bolster DeFi security service with new funds
26.10.2021
The platform has paid out more than $7.5 million in bug bounties since inception in December 2020
The New Galaxy to Be Launched on the BSC Soon
26.10.2021
Celestial has decided to open up the new galaxy, the Beta Version of the Binance Smart Chain, in October 2021. Players are excited to see this new experience this new celestial universe. The Celestial Interstellar Resolution Court has decided that all of the respective fee income generated through...
Start-up CGU Raises $2.5 Million USD in Third Public Round
26.10.2021
PRESS RELEASE. A crypto platform Crypto Gaming United (CGU), which has joined the crypto exchange TimeX on the 18th of october, made $2.5 million in a record-breaking six seconds since public token trading began. One of the co-founders of the project is a crypto-currency, DeFi and blockchain...